Release by Obligors Sample Clauses

The 'Release by Obligors' clause serves to formally discharge the obligors from certain legal claims, liabilities, or obligations related to a specific agreement or transaction. In practice, this clause typically specifies the scope of the release, detailing which claims are covered and whether the release is mutual or one-sided. For example, it may state that once payment or performance is completed, the obligors are no longer liable for any further claims arising from the agreement. The core function of this clause is to provide finality and certainty by preventing future disputes or claims against the obligors regarding the matters addressed in the agreement.
Release by Obligors. Excluding any continuing obligations of the Lenders and the Agent under the express terms and provisions of the Loan Agreement, the Loan Documents and this Amendment, each Obligor hereby releases, acquits, and forever discharges the Lenders and the Agent, and each of them, as well as their respective Related Parties, of and from any and all Claims arising out of, related to or in any way connected with any action or failure to act, prior to execution of this Amendment, in response to or in connection with any events or circumstances arising under or otherwise related to the Loan Agreement and the Loan Documents or any Defaults or Events of Default occurring under the Loan Agreement.
Release by Obligors. Obligors, for themselves, and for their respective agents, servants, officers, directors, shareholders, members, employees, heirs, executors, administrators, agents, successors and assigns forever release and discharge Agent and ▇▇▇▇▇▇▇ and their agents, servants, employees, accountants, attorneys, shareholders, subsidiaries, officers, directors, heirs, executors, administrators, successors and assigns from any and all claims, demands, liabilities, accounts, obligations, costs, expenses, liens, actions, causes of action, rights to indemnity (legal or equitable), rights to subrogation, rights to contribution and remedies of any nature whatsoever, known or unknown, which Obligors have, now have, or have acquired, individually or jointly, at any time prior to the date of the execution of this Amendment, including specifically, but not exclusively, and without limiting the generality of the foregoing, any and all of the claims, damages, demands and causes of action, known or unknown, suspected or unsuspected by Obligors which: A. Arise out of the Loan Documents; B. Arise by reason of any matter or thing alleged or referred to in, directly or indirectly, or in any way connected with, the Loan Documents; or C. Arise out of or in any way are connected with any loss, damage, or injury, whatsoever, known or unknown, suspected or unsuspected, resulting from any act or omission by or on the part of Agent or any Lender or any party acting on behalf of Agent or any ▇▇▇▇▇▇ committed or omitted prior to the date of this Amendment.
Release by Obligors. EACH OBLIGOR, FOR AND ON BEHALF OF SUCH OBLIGOR AND ALL PERSONS AND/OR ENTITIES CLAIMING BY, THROUGH AND/OR UNDER SUCH OBLIGOR INCLUDING, BUT NOT LIMITED TO, ALL OF SUCH OBLIGOR'S PAST AND PRESENT PARTNERS, DIRECTORS, SHAREHOLDERS, OFFICERS, EMPLOYEES, ATTORNEYS, ACCOUNTANTS, ADMINISTRATORS, AGENTS, SUBSIDIARIES, AFFILIATES, REPRESENTATIVES, PREDECESSORS, SUCCESSORS AND ASSIGNS (COLLECTIVELY REFERRED TO HEREIN, JOINTLY AND SEVERALLY, AS THE "OBLIGOR GROUP RELEASORS") HEREBY UNCONDITIONALLY REMISES, RELEASES, ACQUITS AND FOREVER DISCHARGES THE ADMINISTRATIVE AGENT AND LENDER AND ALL OF THEIR RESPECTIVE PAST AND PRESENT PARTNERS, DIRECTORS, SHAREHOLDERS, MEMBERS, MANAGERS, OFFICERS, EMPLOYEES, ATTORNEYS, ACCOUNTANTS, ADMINISTRATORS, AGENTS, PARENT CORPORATIONS, SUBSIDIARIES, AFFILIATES, REPRESENTATIVES, PREDECESSORS, SUCCESSORS, AND ASSIGNS (COLLECTIVELY REFERRED TO HEREIN AS THE "LENDER GROUP RELEASEES") OF, FROM AND WITH RESPECT TO ANY AND ALL GRIEVANCES, DISPUTES, MANNER OF ACTIONS, CAUSES OF ACTION, SUITS, OBLIGATIONS, LIABILITIES, LOSSES, DEBTS, DAMAGES, DUES, SUMS OF MONEY, ACCOUNTS, RECKONINGS, CONTROVERSIES, AGREEMENTS, CLAIMS, DEMANDS, COUNTERCLAIMS AND CROSSCLAIMS, INCLUDING, BUT NOT LIMITED TO ALL CLAIMS AND CAUSES OF ACTION ARISING OUT OF OR RELATED TO THIS AGREEMENT AND THE LOAN DOCUMENTS AND/OR ALL TRANSACTIONS RELATED THERETO, WHETHER KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED, DIRECT, INDIRECT OR CONTINGENT, ARISING IN LAW OR EQUITY, WHICH OBLIGOR GROUP RELEASORS (OR ANY OF THEM) EVER HAD, NOW HAVE, OR MAY EVER HAVE AGAINST ANY ONE OR MORE OF LENDER GROUP RELEASEES, FROM THE BEGINNING OF TIME THROUGH THE EFFECTIVE DATE.
Release by Obligors. Effective as of the Closing Date, except for such rights expressly provided herein, and except for Obligors’ right to receive any remaining Collateral after all Obligations have been fully and completely paid and satisfied, each Obligor, on behalf of itself and their affiliates, subsidiaries and, to the full extent applicable, their general partners, limited partners, members, successors, assigns, attorneys, employees, agents, representatives, officers and directors, hereby release ▇▇▇▇▇▇▇▇▇, including, its respective affiliates, subsidiaries, successors, assigns, attorneys, employees, agents, representatives, officers and directors, from all claims, rights, demands, debts, liabilities, actions and causes of action of any and every type or nature whatsoever, whether known or unknown, whether arising in law or equity, or by tort or contract, relating directly or indirectly to each Obligor and the Loan Documents.
Release by Obligors. Effective upon the execution of this Agreement, each Obligor, together with its respective present, former and future directors, officers, partners, associates, employees, agents, servants, accountants, auditors, insurers, reinsurers, appraisers, investment advisors, underwriters, attorneys, brokers, parents, subsidiaries, affiliates, predecessors, successors, assigns, heirs, executors, personal representatives, estates and administrators, whether express or by operation of law (collectively, the “Obligor Parties”), releases and forever discharges Lender and its present, former and future directors, officers, partners, associates, employees, agents, servants, accountants, auditors, insurers, reinsurers, appraisers, investment advisors, underwriters, attorneys, brokers, parents, subsidiaries, affiliates, predecessors, successors, assigns, heirs, executors, personal representatives, estates and administrators, whether express or by implication or operation of law (collectively, the “Lender Parties”), and any entities and persons who acted or who may have been alleged to have acted on behalf of or in concert therewith, from all claims, demands, damages, debts, liabilities, obligations, costs, expenses (including but not limited to attorney’s fees and expenses pursuant to contract, state statutes, federal statutes, common law, equity, and all relief which could be awarded on account of any such claims), sums of money, set offs, accountings, reckonings, arbitrations, actions and causes of action of every kind and nature whatsoever (each a “Claim” and collectively, the “Claims”), whether at law or in equity, whether in tort or contract, whether under any federal, state, or local law, whether known or unknown, whether suspected or unsuspected, whether actual or contingent, and whether matured or unmatured, irrespective of legal theory, from the beginning of time to the date of this Agreement, which arise from or relate to the LOC Agreement. Each Obligor further agrees, for itself and all Obligor Parties, to indemnify and hold harmless Lender and Lender Parties from any and all damages, costs, fees or expenses whatsoever, including reasonable attorneys’ fees of legal counsel to be selected and engaged by ▇▇▇▇▇▇ in its sole discretion, which are incurred by Lender in connection with any Claim brought, asserted or threatened by any party and having anything to do with the LOC Agreement, at any time after the date on which such Obligor executes this Agreement.
Release by Obligors. The Obligors hereby acknowledge and agree that none of the Obligors have any offsets, defenses, claims, or counterclaims against the Secured Party and each of its agents, servants, attorneys, advisors, officers, directors, employees, affiliates, partners, members, managers, predecessors, successors, and assigns (singly and collectively, as the “Released Parties”), with respect to the Obligations, the Transaction Documents, the Collateral, the transactions set forth or otherwise contemplated in this Acceptance, or otherwise, and that if the Obligors now have, or ever did have, any offsets, defenses, claims, or counterclaims against any of the Released Parties, whether known or unknown, at law or in equity, from the beginning of the world through this date and through the time of execution of this Acceptance, all of them are hereby expressly WAIVED, and the Obligors each hereby RELEASE each of the Released Parties from any and all liability therefor.
Release by Obligors